Petrolimex’s profit falls to five-year low Business

Petrolimex’s profit falls to five-year low

Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019.
PetroVietnam must continue as role model: PM Business

PetroVietnam must continue as role model: PM

Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
Inflation control needs due attention Business

Inflation control needs due attention

Although many forecasts said that inflation would be controlled at less than 4 percent this year, economists recommended it was still important to pay attention to inflationary pressures.
Top 10 issues that defined the global economy in 2020 World

Top 10 issues that defined the global economy in 2020

The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. The Vietnam News Agency has selected the ten most significant global economic issues during the year.
Remittances expected to rebound by year’s end Business

Remittances expected to rebound by year’s end

Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.
PetroVietnam stands firm amid “dual crisis” Business

PetroVietnam stands firm amid “dual crisis”

The Vietnam Oil and Gas Group (PetroVietnam) sustained its production and business activities in the first eight months of 2020 despites many oil and gas firms around the world struggling with the “dual crisis” of COVID-19 and prolonged low oil prices.
Laos’ GDP forecast to contract by 2.5 percent: ADB World

Laos’ GDP forecast to contract by 2.5 percent: ADB

Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report.
ADB forecasts Vietnam’s economic growth at 1.8 percent in 2020 Business

ADB forecasts Vietnam’s economic growth at 1.8 percent in 2020

Vietnam’s economy is forecast to expand 1.8 percent in 2020 amid the coronavirus and bounce back in next year, while economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, according to a recent report released by the Asian Development Bank (ADB).